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U of L to raise tuition by 2% for the coming academic year

The Louisville Cardinal | July 6, 2020

Related Topics: University of Lethbridge, Northern Kentucky University, Western Kentucky University, COVID-19, University of Louisville, Morehead State University, Kentucky State University, Murray State University, Joseph Garcia

By Madelin Shelton–

In response to the financial strain posed on the University of Louisville by the COVID-19 pandemic, the university has announced it will raise tuition rates for students by 2%.

The financial fallout of the coronavirus was predicted to create a $39,000,000 shortfall for U of L’s 2020 fiscal year . As a result of swift action, including employee furloughs, salary decreases and other cost-saving techniques, the university was able to achieve a balanced budget for the fiscal year.

However, COVID-19 is expected to cause a potential $82,000,000 negative budget impact in the next fiscal year.

See full article at The Louisville Cardinal